If you want to make money trading coins, you only need to do one thing: don’t be greedy.
I believe that in the crypto world, if you want to make money, not being greedy will definitely lead to profits.
If you are very greedy, most people will lose a lot of money, and a small number will make a lot.
Why do I say this? Because the crypto world is now relatively mature; the more mature the market, the fewer opportunities for sudden wealth.
First of all, if you are not greedy, making money is a very simple thing.
In the long run, cryptocurrencies are still gradually developing; in a gradually developing industry, it is certainly possible to gain some wealth.
At the very least, you can dollar-cost average into BTC. In the long run, dollar-cost averaging into BTC is certainly a good way to manage finances.
Secondly, if you are very greedy, you are likely to lose a lot of money, with a small chance of making a lot. If you pursue excessive returns, wanting tenfold or hundredfold gains, you may very well end up losing everything.
For the bull market of 2023-2024, many people did not want to buy Bitcoin and wanted to buy altcoins instead for higher returns, but now the returns have not outperformed Bitcoin.
Bitcoin has risen from 20k to 70k from 2023 to now, tripling or quadrupling, while many new entrants want to buy lower market cap altcoins, which instead have not risen as much as Bitcoin and may even incur losses.
In short, if you are an ordinary person, if you don't understand blockchain + technology, and if your understanding of wealth is insufficient, then as long as you are not greedy in the crypto world, you will definitely be able to make small profits from investing. These small profits may not elevate you to the wealthy class but will be enough to raise your standard of living.
In my four years in the crypto world, I achieved the highest return of 102 times.
Of course, if you are not satisfied with the returns from dollar-cost averaging into BTC, then feel free to look at the content below.
In the crypto world, achieving financial freedom and class transition, I have always strictly followed the iron laws of the market:
1. A sharp drop is a touchstone for quality coins. If the market crashes and your coin only drops slightly, it clearly indicates that the market maker is protecting it, refusing to let it fall. Therefore, such coins can be held with confidence, and there will be rewards.
2. If newcomers do not know how to buy and sell, the simplest and most direct method is to hold above the 5-day moving average for short-term trades; sell if it breaks below the 5-day line. For medium-term trades, hold above the 20-day moving average; sell if it breaks below the 20-day line. There are many methods, and the best one is the one that suits you. The difficulty in trading is not the lack of methods, but the lack of execution. Persisting mindlessly with one method, more than 90% of people have no issues; simplicity is the ultimate sophistication.
3. Once the main uptrend is formed and there is no significant volume increase, decisively enter; hold if there is volume increase and price rise, hold if there is volume decrease but trend remains unbroken, and quickly reduce positions if there is volume decrease that breaks the trend.
5. If there is no fluctuation three days after a short-term buy, sell if possible. If the price drops instead of rising after purchase, unconditionally stop loss at a 5% loss.
6. If a coin drops 50% from a high position and continues to fall for 8 days, it has entered an oversold channel, and an oversold rebound is imminent, it can be followed.
7. When trading coins, focus on the leading ones; only trade the leaders, not the miscellaneous ones, because when the market rises, leading coins rise the most, and when it falls, they are the most resistant to decline. Don't hesitate to get on board; trading coins is often counterintuitive.
Buy because it has dropped a lot, don't avoid buying because it has risen a lot; the more you hesitate to buy, the more it rises, the more you dare to buy, the more it falls. The strong remain strong; in short-term trading of leading coins, the most important thing is to buy at a high position and sell at an even higher position!
8. Embrace trends and go with the flow; the buying price should not be the lower the better, but rather the more suitable the better. You will not gain an advantage just because the buying price is cheap, as falling prices do not signal a bottom. Abandon junk coins; trend is king.
9. Do not let the thrill of profit cloud your judgment. Understand that the hardest thing in the world is how to sustain profits. You must seriously review whether it was luck or skill; a stable trading system that suits you is the key to sustained profits.
10. Don't trade just for the sake of trading. What does this mean? It means that when you don't have enough confidence that this trade will be profitable, don't force a position. Holding cash is an art. Those who can buy are apprentices, those who can sell are masters, and those who can hold cash are the ancestors. The first consideration in trading is not profit, but capital preservation. Trading is about success rate, not frequency!
11. In fact, in speculative markets, being adaptable is the most erroneous approach. Use your fixed trading system, and be unchanging in the face of change. It doesn't matter if you use a thousand methods; what matters is if you use one method a thousand times. Not acting is the best defense. Often, the times when you are most reluctant are when you make the most mistakes. This is a lesson to ponder seriously!
12. I believe that those who can persist in trading for over 4 years do so because of the passion for it. Passion is good; it is essential to excel at something. But be careful not to become overly immersed, even to the point of losing yourself; family is our greatest responsibility.
13. External factors cannot be controlled; seek within yourself. You must never attribute your failures to others; this is extremely important. No matter how low you fall, you must take full responsibility for your decisions. Only by taking responsibility can you face your mistakes directly and avoid repeating them. True traders are warriors who dare to confront their errors!
14. Listen less to gossip from the outside world, because opinions are neither right nor wrong; often what you see is what they want you to see, or these words are what you want to hear. When you become uninterested in the methods of the media or any expert, congratulations, you are not far from entry and success because you may have gained a little bit of your own belief!
15. You think you are trading the market, but in fact, you are trading yourself. What we see as the glamorous success on the surface is only the result and performance; behind success lies great perseverance and endurance. Greatness often stems from suffering. Time is the most valuable asset; endurance outweighs intelligence. Natural talent is unimportant; mindset is crucial!
The martial arts secrets have been given to everyone; whether one can become famous in the Jianghu depends on oneself.
These methods must be saved by everyone; read them several times. If you find them useful, feel free to share them with more people who trade coins around you. Follow me for more valuable insights in the crypto world. Having been through rain, I am willing to hold an umbrella for you! Follow me, and let's walk the path of the crypto world together!
